Results 11 to 20 of about 16,530 (303)
Governance, CEO Power, and Acquisitions
SSRN Electronic Journal, 2009 We examine whether governance matters for acquisitions. Acquisitions are frequently beneficial to the CEO of the acquiring firm, but can often be value-destructive to acquirer shareholders and other stakeholders such as employees. We find that corporate governance does not appear to influence whether a firm will become an acquirer after controlling for
Derek Oler +2 more
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Applied Economics Letters, 2018 This paper examines the association between CEO power and firm opacity. We discuss the entrenchment and managerial power theories to develop a coherent hypothesis that captures 10 a negative relationship. To investigate the relationship, we use CEO pay slice (CPS) and opacity index as proxies for CEO power and information environment, respectively ...
KwangJoo (KJ) Koo, Jonghwan (Simon) Kim
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CEO bargaining power and compensation
Financial Review, 2022 AbstractContracting theories predict that CEO power plays an essential role in the pay‐setting process. I provide causal empirical evidence of how changes in the bargaining power of CEOs affect the level of CEO compensation. Using the staggered rejections of previously adopted inevitable disclosure doctrine (IDD) by US state courts to capture an ...
Edward Kim, Kim, Edward
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Managerial power and CEO pay [PDF]
SSRN Electronic Journal, 2017 We study how the CEO's power over the board of directors affects pay levels and the structure of optimal compensation contracts and derive unexpected results. First, a more powerful CEO generally receives more pay and a contract with a higher pay-performance sensitivity (PPS) if firm performance is low.
Göx, Robert, Hemmer, Thomas
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International Journal of Finance & Banking Studies (2147-4486), 2015 <p><em>In this paper, we examine the impact of CEO power on auditor choice. We are motivated by the competing financial reporting incentives arising from CEO power. Our empirical finding suggests that powerful CEOs are more likely to hire high-quality auditors as a signal of superior financial reporting quality.
Bo Ouyang, Zenghui Liu, Christine Sun
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CEO power and CSR‑linked compensation for corporate environmental responsibility: UK evidence [PDF]
, 2023 This paper examines how CEO power and CSR-linked compensation influences environmental performance. We investigate the role of CEO managerial power (proxied by CEO duality and the presence of executive directors on the board), and CEO legitimate power ...
Albitar, Khaldoon +2 more
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CEOs’ Decision-making Power and Stock Price Crash Risk: Evidence from Iran [PDF]
Iranian Journal of Accounting, Auditing & Finance, 2018 The aim of the current paper is to examine whether the chief executive officer’s (CEOs’) decision-making power effects stock price crash risk. Using an index that encompasses CEO duality, ownership power and CEO tenure as the sources of CEO power and ...
Hamid Zarei +3 more
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Frontiers in Psychology, 2022 Corporate social responsibility (CSR) strategy hinges largely on the CEO characteristics in the context of an emerging market. Based on a sample of 16,144 firm-year observations obtained from 1,370 unique Chinese-listed firms, which whether voluntarily ...
Xingxin Zhao +5 more
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CEO Power, Family Ownership and Audit Fees: Analysis of Alignment and Entrenchment Theories [PDF]
مطالعات تجربی حسابداری مالی, 2021 According to the of alignment and entrenchment theories, the CEO power may lead to a reduction audit fees by increasing the earning quality and reducing audit risk, or through opportunistic earnings management and fraudulent financial reporting can lead ...
Roohollah Arab +3 more
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Cogent Business & Management, 2022 Drawn the socio-emotional wealth perspective, this paper investigates the relationship among CEO power, innovative investment and family board involvement in family enterprises.
Kaiyang Sun
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